#ETH
RSI is relatively high (69.11), near overbought areas
•The candles show resistance at 2,983.94
•The moving averages (EMA 7, 25, 99) support the rise, but the MACD (-11.15) is still negative = warning of weak momentum
•Stoch RSI is low (22.46) = potential for a bullish rebound soon
•Trading volume has been low recently = liquidity has decreased, which gives less momentum
Safe entry: 2,966–2,970
Breakout entry: only after a clear break of 2,984
Stop loss: always below 2,940
Targets: 3,045 then 3,100
You need confirmation of the movement.
RSI is relatively high (69.11), near overbought areas
•The candles show resistance at 2,983.94
•The moving averages (EMA 7, 25, 99) support the rise, but the MACD (-11.15) is still negative = warning of weak momentum
•Stoch RSI is low (22.46) = potential for a bullish rebound soon
•Trading volume has been low recently = liquidity has decreased, which gives less momentum
Safe entry: 2,966–2,970
Breakout entry: only after a clear break of 2,984
Stop loss: always below 2,940
Targets: 3,045 then 3,100
You need confirmation of the movement.